Waterloo Regional Police have made an arrest in connection with an ongoing fraud investigation in Cambridge.
Back in March, police received a call from a financial institution on Hespeler Road.
Investigators say a man opened multiple accounts at banks and institutions across Waterloo region and Southern Ontario.
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They say more than $700,000 in fraudulent cheques were deposited to these accounts.
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Investigators were able to locate the man on Hespeler Road on Wednesday and charged a 67-year-old from Kitchener.
He was released with a Jan. 30 court date in Kitchener.
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